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Question

Reena is borrowed a sum of Rs. 6000 from Raveena at the rate of 14% for 2 years. She then added some more money to the borrowed sum and lent it to Sameera at the rate of 18% of simple interest for the same time. If Reena gained Rs. 650 in the whole transaction , then what sum did he lend to Sameera?

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Solution

Let the money lent to sameera = Rs. x

∴x(18100)×2−6000×2=650

36x100=650+120×14=2330

x=2330×10036=6472.222

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